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Southbird66

05/06/15 12:56 PM

#4044 RE: kabanch #4043

Reading between the lines, it looks like the Equity Committee has been trying to get informal discovery from the debtor regarding arguably confidential business information (in order to better evaluate the POR#1 and pending Stalking Horse sale motion), but the debtor is balking because it's afraid the EC will disclose that information publicly to shareholders under it's general duty to keep them informed. So the EC is trying to eliminate that objection by getting the court to approve limitations on disclosure that will satisfy the debtor. The court should do so fairly expeditiously because the alternative is a formal discovery battle which would waste time and money on lawyer games and stall the proceedings. JMHO